Cullen Frost Bankers Inc. Buys 63,321 Shares of Capital Group Core Balanced ETF $CGBL

Cullen Frost Bankers Inc. increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,576 shares of the company’s stock after acquiring an additional 63,321 shares during the quarter. Cullen Frost Bankers Inc. owned approximately 0.19% of Capital Group Core Balanced ETF worth $8,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advance Capital Management Inc. boosted its stake in Capital Group Core Balanced ETF by 1.2% during the fourth quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock worth $331,597,000 after acquiring an additional 109,747 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after acquiring an additional 1,307,832 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Capital Group Core Balanced ETF by 17.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,252,009 shares of the company’s stock worth $79,563,000 after acquiring an additional 330,471 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Core Balanced ETF by 20.2% during the third quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock worth $76,728,000 after acquiring an additional 371,133 shares in the last quarter. Finally, CWM LLC boosted its stake in Capital Group Core Balanced ETF by 5.7% during the fourth quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after acquiring an additional 117,287 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 1.0%

Shares of NYSEARCA CGBL opened at $36.99 on Thursday. The firm has a market cap of $6.16 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12-month low of $31.52 and a 12-month high of $37.62. The company’s fifty day simple moving average is $35.87 and its 200 day simple moving average is $35.72.

Capital Group Core Balanced ETF Profile

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.